Stocks to watch: Seatrium, SIA Engineering
Seatrium has launched a S$3 billion multicurrency debt issuance programme to refinance borrowings and fund acquisitions. Its shares fell 1.2% to S$2.45. Meanwhile, SIA Engineering appointed Lim Sim Seng as deputy chairman and independent director, with shares rising 2.7% to S$3.37 before the announcement.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 9):
Seatrium : The offshore and marine group said on Wednesday that it has launched a S$3 billion multicurrency debt issuance programme. The net proceeds will be used for refinancing existing borrowings, funding potential acquisitions and investments, working capital and capital expenditure requirements, as well as providing internal loans within the group. Shares of Seatrium ended at S$2.45, 1.2 per cent or S$0.03 lower, on Wednesday.
SIA Engineering : The company appointed Lim Sim Seng as deputy chairman and non-executive independent director of the board, effective Wednesday. A bourse filing on the same day indicated that the 67-year-old has also been appointed as a member of the nominating committee, the compensation and human resources committee, and the executive committee. Shares of SIA Engineering closed 2.7 per cent or S$0.09 higher at S$3.37 on Wednesday, before the news.
